My morning reads:

• Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap (Bloomberg)
• S&P 500 Q2 Earnings Growth Estimates Tank ( Bespoke Invest)
• Real House Prices and Price-to-Rent Ratio ( Calculated Risk)
• Angela Merkel rules out eurobonds for ‘as long as I live’ (Telegraph) see also Germany’s Advantage (NYT)
Bartlett: A full Fed board can fire up the US economy (FT.com)
• In Insider and Enron Cases, Balancing Lies and Thievery (DealBook)
• Money Market Industry’s Resistance May Hurt Companies (DealBook)
• As social tech shakes up finance, StockTwits relaunches with focus on real-time, curation (Gigaom)
• Who Can Upset Tennis’s Untouchables? (WSJ)
• The secret to creativity: Background noise? ( The Week)

What are you reading?

>

Obama Doing Better Than Romney in Swing States; Both Candidates Face Challenges

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

14 Responses to “10 Mid-Week AM Reads”

  1. VennData says:

    US Patent Trolling Costs $29 Billion a Year
    http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2091210

    Wow is Apple cool. What a cool multinational corporation they are.
    http://www.pcmag.com/article2/0,2817,2406374,00.asp

    ~~~

    BR: Which is it? Are patent trolls the problem, or are patent thieves (ie, Samsung) a problem?

  2. MorticiaA says:

    From FundFire: Towers Watson survey says that firing managers for underperformance causes more harm than good to overall returns. Not sure I can wrap my head around this argument, but it does bring up the question BR has asked in the past about when and why to fire managers.

    http://www.fundfire.com/c/374092/42392?referrer_module=searchResults&module_order=3&q=%22Towers+Watson%22&sort_by=date

  3. eliz says:

    Regarding housing, the assertion by Calculated Risk (“I think it is likely that prices have bottomed”) is far too broad to be meaningful for “the small people.” Many of the purchases have been made with cash – which suggests investors not owner-occupation, or an increased demand due to economic growth. As prices rises, average-Jack-and-Jills will have a higher barrier to entry, unless credit availability loosens up (via lower standards or new terms (50 year mortgages anyone?)). And even then given the employment situation, what would bring a risk-sensitive person to the home-buying trough? * Just sayin’ – I don’t buy it – i.e. that housing has bottomed. I think the latest number is a blip – due to a temporary mood swing, seasonality, and investor purchases.

    Study Finds 38% of Homes Purchased in 2011 Bought with Cash

  4. DeDude says:

    Attempt of the business-model bean-counters to take over an academic institution fails as the secret backdoor backstabbing top-down ways clash with the open debate culture of academia.

    http://www.cbsnews.com/8301-501363_162-57461436/uva-board-reinstates-ousted-president-after-outcry/

    Interesting fact from that article: “U.Va. expects to get about 10 percent of its operating budget from the state of Virginia this fiscal year. Public funding per in-state student has fallen to an estimated $8,310 in 2012-13, down from $15,274 per in-state student in 2000-01, according to the university”.

    So as states continue their cuts, the public funding for “public” universities slips to less than 10% of their budgets and the per student support is cut in half. As a result fewer and fewer students can afford the ever-increasing tuition and we fail to educate all the students who have the academic gifts. A huge waste of talent that other countries we compete with would not tolerate. On top of that as bean counters take over and demand to count and weigh academic activities that cannot be “counted and weighed” the faculty and students rebel as they see and suffer the collateral damage from these destructive and futile exercises in “efficiency”. Yet the outsiders and tax-payers will side with fuzzy concepts such as “efficiency and productivity” (as they would side with “mother and apple pie”) – so the destruction of Americas unique academic strength is all but inevitable.

  5. dead hobo says:

    BR noted:

    • Angela Merkel rules out eurobonds for ‘as long as I live’ (Telegraph) see also Germany’s Advantage (NYT)

    reply:
    ———-
    What ever happened to the “Debt is Wealth” crowd? Remember those nuts from about a year or so ago? Why don’t a few come forward to express an analysis on Europe’s Wealth Problem? (As is they’re rich out the wazoo now)

  6. willid3 says:

    why is it that we in the US have the weakest vacation plan ? and why is it we seem not to notice? maybe its because we have programmed to be wage slaves?

    http://www.nakedcapitalism.com/2012/06/why-dont-americans-take-more-vacations-blame-it-on-independence-day.html

  7. BoulderPatentGuy says:

    I think David Martin has a pretty good handle on Apple’s patent position: http://www.bloomberg.com/video/94094453-martin-apple-has-overplayed-its-hand.html

    ~~~

    BR: IMO David Martin’s commentary is totally clueless. His comments make me think Samsung is a client of his.

  8. willid3 says:

    DeDude, think you are right. here in Texas, they lowered state funding for stats schools, and then allowed schools to set their own tuition. and low and behold tuition started climbing. then our legislators were shocked, shocked to hear that cuts in state funding lead to higher tuition. and of course students now have to get loans to make up for state funding cuts. leading to students being serious debt when they graduate, if they do. appears to affect all levels of eduction, including MDs, lawyers, and bachelors, masters, and PHD programs too. so the government is just transferring how we pay for schooling and how we keep from falling far behind other countries. about the only good thing of that, is other countries start behind us, and are having financial problems of their own. and not sure exactly how they can do much with the scholastic systems. the best they could do is look at the administration systems. and maybe consolidate schools. can see it now. Texas, Oklahoma, Louisiana, New Mexico, and Arkansas all combine their funding for all of the public schools. wonder how that will turn out

  9. Jojo says:

    75 Percent of Women Say They Won’t Date Unemployed Men
    By: David Mielach, BusinessNewsDaily Staff Writer
    26 Jun 2012

    While losing your job may be a devastating blow to your career aspirations, it may be an even bigger blow to your personal life, according to new research conducted by a dating service. A significant majority of women said they would not date a man who was unemployed. Just one-third of men said they would date an unemployed woman.

    Overall, 75 percent of women said they would be unlikely to date an unemployed man, with 33 percent saying no outright. Another 42 percent of women answered maybe when asked about the possibility of dating an unemployed man. That answer, however, came with the stipulation that those women would not want to spend a lot of time in the relationship if the man did not have a plan in place. Just 21 percent of women said they would date an unemployed man.

    Women, however, insist their feelings are not solely based on money. Rather, respondents said they were interested in dating someone who is engaged in an activity. Respondents felt that work was a beneficial activity for men to participate in.

    http://www.businessnewsdaily.com/2753-dating-unemployed-men-women.html

  10. willid3 says:

    so dont expect safety from funds. and these are the same if not similar funds that 401k and IRA’s are based on. and the industry will be wondering what happened when the investors leave

    time for some thing entirely different
    what happens when News corp breaks up? and what happens FNC?

    http://blogs.reuters.com/felix-salmon/2012/06/27/news-corp-loses-its-news/

    ~~~

    BR: In Canada, they are not legally permitted to call themselves “News” because they are in fact not news. This would merely change their name to reflect reality . . .

  11. rd says:

    “Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap”

    This is the single best reason to bring back Glass-Steagal. It has been clear that the TBTF banks require massive bailouts and guarantees because otherwise they mushroom cloud the financial and economic system. It is not at all clear that if they operate as their executives and lobbyists intend that they will actually help the productive side of the economy in the same way as a regional or local bank.

    The argument of “we can’t compete without deregulation” doesn’t appear to hold water either as many of their re-regulateed competitors are also gasping for air across the pond while threatening to blow up their financial systems and economies unless they get handed wads of cash from taxpayers.

    Why should we be in a competive race to who can create the biggest financial mushroom cloud?

  12. NoKidding says:

    Its an old thread, … tolerance.

    • Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap (Bloomberg)

    They’re too busy speculating on Euro bonds?

    • S&P 500 Q2 Earnings Growth Estimates Tank ( Bespoke Invest)

    Except for companies that actually build tanks.

    • Real House Prices and Price-to-Rent Ratio ( Calculated Risk)

    Immaginary house prices are soaring, according to rent seekers.

    • Angela Merkel rules out eurobonds for ‘as long as I live’ (Telegraph) see also Germany’s Advantage (NYT)

    Flashforward 1 year – Central banker finds Agela Merkel collapsed in office, dead of natural causes .

    • Bartlett: A full Fed board can fire up the US economy (FT.com)

    For each US thats fired up, three jobs are created in China!

    • In Insider and Enron Cases, Balancing Lies and Thievery (DealBook)

    It turns out that lying was much easier than thievery once most of the assets were gone. A clear 80-20 problem.

    • As social tech shakes up finance, StockTwits relaunches with focus on real-time, curation (Gigaom)

    Updates will be on Facebook.

    • Who Can Upset Tennis’s Untouchables? (WSJ)

    Not worth the effort. Now John McEnroe – thats the guy thats fun to see upset.

    • The secret to creativity: Background noise?

    Is that what the MSM calls blogging now?

  13. DeDude says:

    @willid3 2:08 pm

    As a country we used to be outstanding at making sure that all smart kids were able to get a college education regardless of their economic background. We also created such attractive working conditions for Professors that we could get the smartest people in the world to come here and help with post-graduate education and research. This was one of the secrets of our ability to be the best. As other countries increase their ability to do that, and ours degrade, we may find our competitiveness in this world slipping. At some point in time not only will other countries be able to train and retain all of their most talented people, they may be able to recruit large proportions of ours.